You will need a calculator and scratch paper for some of the questions on this exam. For all numerical questions, us

two decimal places for your calculations.

Question $1$

You are developing a performance progress report for a project you are managing. The following

time$-$phased budget was developed earlier in the planning stage and is being used as the standard

against which the project performance is measured.

You are analyzing the project performance at the end of Week $2.$ Activity $"$A$"$ is $50\%$ complete and

its actual cost is $5.$ What is the cost variance of this activity?

Use two decimal places in your calculations.